Mere moments ago, the city council passed on an emergency basis B18-475
, the "Arthur Capper/Carrollsburg Public Revenue Bonds Amendment Act of 2009," which will allow the CFO's office to issue $32 million in city-backed bonds to help fund "phase 3" infrastructure improvements at Capper/Carrollsburg
. This would be in addition to the $9.5 million in stimulus money that DCHA was awarded by HUD
that will allow the phase 2 townhouses at Capitol Quarter
to go forward, possibly by the third quarter of 2010 if current financing negotiations with EYA go smoothly. By passing it on an emergency basis, the city can go to the bond market perhaps before the end of this month or in January, which apparently is a prime time to go a'sellin.